Indian utility Adani Power has put on hold its plans for capacity
expansion of 6,500 megawatts because of a lack of clarity on coal supplies, but
is confident of having 6,000 MW of operational assets as planned by March, CEO
Ravi Sharma said.
The company, which currently
operates 3,300 MW, is waiting for the federal government to allocate coal to
three of its planned projects, Sharma told reporters on Tuesday.
State-run Coal India, which
supplies coal to power companies and other users after approval from the
federal government, is unable to meet its annual targeted growth in production,
forcing power producers to look overseas.
As generation projects face a
shortage of coal, pricing uncertainty is forcing companies to refrain from
inviting bids for long-term power purchase contracts, Sharma added.
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